oil

Saudis Could Raise Oil Output Again as Sparring With Iran Returns

By Rania El Gamal, Alex Lawler and Dmitry Zhdannikov DUBAI/LONDON, Nov 4 (Reuters) – Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh saying it could raise oil output steeply to bring prices down if Tehran refuses to limit its supply, OPEC sources say. Clashes

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Oil Majors Pledge $1 bln for Technologies to Fight Climate Change

By Karolin Schaps and Ron Bousso LONDON, Nov 4 – Some of the world’s biggest oil companies, including Saudi Aramco and Royal Dutch Shell, pledged on Friday to invest $1 billion to help fight climate change as a global deal to wean the world off fossil fuels came into force. The Oil and Gas Climate

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As Cracks Emerge in Global Oil Pact, Saudis May Need to Compromise

As cracks emerge in global oil pact, Saudis may need to compromise By Rania El Gamal/Reuters Tough negotiations await a group of OPEC experts as they meet their counterparts from other oil producers such as Russia, on October 28-29 to hammer out details of an output-capping agreement, with disagreements threatening to scupper the deal. OPEC

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As Cracks Emerge in Global Oil Pact, Saudis May Need to Compromise

By Rania El Gamal DUBAI, Oct 27 – Tough negotiations await a group of OPEC experts as they meet their counterparts from other oil producers such as Russia on Oct. 28-29 to hammer out details of an output-capping agreement, with disagreements threatening to scupper the deal. OPEC agreed in Algeria last month on a modest

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OPEC, Key Producers to Discuss 6-month Oil Deal

By Rania El Gamal and Olesya Astakhova ISTANBUL, Oct 12 – OPEC will hold talks with non-member oil producers on Wednesday in a bid to hammer out details of a global agreement to cap production for at least six months as Russia lent its support for the plan. Ministers from OPEC members embarked on a

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Oil Eases off Four-Month High as Speculators Doubt Deal to Cut Output

By Karolin Schaps LONDON, Oct 11- Oil eased off four-month highs on Monday as doubts over oil producers reaching a meaningful output cut deal brought some speculators to unwind bullish bets. Global benchmark Brent crude futures were down 23 cents at $51.70 a barrel at 0848 GMT, more than 2 percent lower than the four-month

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Iranian President tells Venezuela Essential to Raise Oil Prices

DUBAI, Oct 4 – Iran’s President Hassan Rouhani told his Venezuelan counterpart Nicolás Maduro in a phone call that it was essential for oil producing countries to take a decision to raise the price of oil and stabilise the market, Iranian state news agency IRNA said. Iran and Venezuela are both members of the Organization

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OPEC Set For No Deal on Oil Output as Saudis, Iran at Loggerheads

By Rania El Gamal, Alex Lawler and Vladimir Soldatkin ALGIERS, Sept 27 – Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as the group and non-member Russia were still trying to bridge differences between the kingdom and Tehran. “This is a consultative

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UAE says Backs Output Freeze to Support Oil Markets

By Alex Lawler and Rania El Gamal ALGIERS, Sept 26 – The United Arab Emirates said on Monday it would back a global freeze in oil output to bolster prices, while some OPEC delegates predicted a meeting of producing countries in Algeria this week could still yield a deal to restrain supply. Oil prices have

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